Broadcom Has Trailed the S&P 500 This Year. That Shouldn't Last Much Longer.

Broadcom has lagged the S&P 500 year to date, gaining just 6% versus the index’s stronger performance. The article notes that Nvidia’s year-to-date gains have pushed ahead of the S&P 500 after a strong earnings report, but Broadcom’s relative weakness may not last. The argument: AI chip demand is continuing to expand, with Grand View Research projecting 30.6% CAGR for the AI industry through 2033. Broadcom reported 48% year-over-year revenue growth in Q2, with AI semiconductors driving nearly half of it. It also expects AI semiconductor revenue to at least triple in fiscal 2026 Q3, alongside consolidated revenue of $29.4 billion.